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[By Sharmita Sawant] The author is a student at King’s College, London. Introduction: Digital economies have posed complicated legal questions that mandate the expansion of legal ideologies and conceptions to assimilate the changing nature of businesses. The issues that we are faced with in these economies stand at the cusp of Data Protection, Consumer Protection, and Antitrust laws. The debate around using antitrust law to solve data-related issues…
[By Sourav Paul] The author is a student at the National University of Juridical Sciences. Introduction On June 11, 2021, the Karnataka High Court (‘HC’) dismissed the writ petitions filed by Flipkart Internet Pvt. Ltd. (‘Flipkart’) and Amazon Sellers Services Pvt. Ltd. (‘Amazon’), challenging the Competition Commission of India’s (‘CCI’) order issued under Section 26 (1) of the Competition Act, 2002 (‘Act’). This case dealt with the principle…
[By Aman Jha & Anurag Shah] Aman Jha is a student at the National Law University, Delhi and Anurag Shah is a student at the School of Law, Christ (Deemed to be University). The Securities and Exchange Board of India (“SEBI“), in its board meeting dated 6th of August 2021, resolved multiple changes in the regulatory framework of the capital market in India. Two of the most notable…
[By Sanchit Khandelwal & Amritesh Anand] The authors are students at the NALSAR University of Law, Hyderabad. E-commerce platforms and offline retailers and sellers on the e-commerce platforms have been at loggerheads for quite some time now. Various trade unions and industry groups have not shied away from utilising all available platforms, be it through legal battles or through electoral lobbying, to further their demand of tightening the…
[By Ria Chaudhary & Aayush Akar] Ria Chaudhary is a student at National Law University, Jodhpur and Aayush Akar is a student at National Law University, Odisha. Introduction In commonly accepted usage, auditing of books of accounts is taken to mean the verification and assessment of a company’s books and financial statements by an impartial, independent and qualified auditing professional. . It is undertaken with the primary objective…
[By Soham Chakraborty & Aaryan Wasnik] The authors are students at the NALSAR University of Law, Hyderabad. The 32nd Report by the Standing Committee on Finance submitted to the Parliament, has made many pertinent observations and recommendations with respect to the functioning of the Insolvency and Bankruptcy Code, 2016 (hereinafter “Code”). In the Section titled “Performance Review of the NCLT System,” the Standing Committee pointed out various reasons…
[By Ashutosh Kumar & Shambhavi Shani] The authors are students at the Hidayatullah National Law University. An inextricable knot between the limitation period and Exception 3 of Section 28 of the Indian Contract Act has time and again, been subjected to judicial and legislative scrutiny and is yet again in limelight after Justice Jayant Nath of Delhi High Court in the case of Larsen & Toubro Limited &Anr. V. Punjab…
[By Umang Agarwal & Anchal Bhatheja] The authors are students at the National Law School of India University, Bangalore. There has been an undesirable but convenient switch of roles of the government and corporates, which is reflected quite starkly in section 396 of the companies act 1956 (‘CA1956’) (which has now been replaced by section 237of companies Act 2013 (CA13) On one hand, this provision empowers the government…